Business and Finance

Aug 24th, 2014

DreamIt

Category:

Business & Finance

Price: $5 USD

Question description

You want to purchase an automobile for $27,944. The dealer offers you 0%
financing for 72 months or a $5226 rebate. You can obtain 6.3%
financing for 72 months at the local bank. Which option should you use?
How much money will you save per month? Round two decimals for both answers